Gilat Secures Over $10 Million Order for LEO Infrastructure

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: 5d ago

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Should l Buy GILT?

Source: Newsfilter

Significant Order Value: Gilat Satellite Networks announced it has secured an order exceeding $10 million to support the ground infrastructure rollout for a leading Low Earth Orbit (LEO) constellation, with deliveries expected over the next 12 months, indicating strong demand for the company's satellite networking technology.
Technical Support Capability: The order involves Gilat Wavestream's Powerstream Ka solid-state power amplifier, designed to provide reliable, long-lasting high-power Ka-band amplification for high-capacity gateway sites, ensuring continuous and cost-effective operations for LEO, MEO, and GEO gateways, thereby reinforcing its market position.
Global Delivery Experience: With over 2,000 Ka-band units delivered worldwide, Gilat demonstrates its leadership in high-capacity gateway infrastructure, capable of meeting the growing market demand and enhancing customer trust in its solutions.
Strategic Market Positioning: With 35 years of industry experience, Gilat's product portfolio supports both commercial and defense applications, showcasing its commitment to providing deep technology solutions globally and highlighting its strategic significance and market potential in satellite communications.

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About GILT

Gilat Satellite Networks Ltd. is an Israel-based provider of satellite-based broadband communications. The Company operates through three segments: Commercial, Mobility, and Services divisions. The Company designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The equipment that the Company develops includes commercial Very Small Aperture Terminals (VSAT) systems, defense and homeland security satellite communications systems, solid-state power amplifiers (SSPAs), BUCs, low-profile antennas, on-the-move/on-the-pause terminals, and modems. The Company's equipment is used by satellite operators, service providers, telecommunications operators, system integrators, government and defense organizations, large corporations, and enterprises.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Gilat Satellite to Announce Q4 Earnings on February 10

7 hours agoseekingalpha

Earnings Announcement: Gilat Satellite is set to release its Q4 earnings on February 10 before the market opens, with consensus EPS estimated at $0.14, reflecting a 6.7% year-over-year decline, while revenue is projected at $133.56 million, indicating a robust 71% year-over-year increase.
Historical Performance: Over the past two years, Gilat has exceeded EPS estimates 88% of the time and revenue estimates 50% of the time, demonstrating a degree of financial stability and reliability in its earnings reports.
Estimate Revision Trends: In the last three months, EPS estimates have seen no upward revisions but three downward adjustments, while revenue estimates have experienced two upward revisions with no downward changes, suggesting increased market confidence in revenue growth.
Funding and Orders: Recently, Gilat secured a $10 million order for its low earth orbit constellation and plans to raise $100 million through an oversubscribed private placement, indicating proactive steps in business expansion and capital acquisition.

Gilat Secures Over $10M Contract for LEO Infrastructure

5 days agoseekingalpha

Major Contract Awarded: Gilat Satellite Networks has secured a contract exceeding $10 million from a leading ground gateway antenna provider, marking a significant advancement in the company's efforts to build low Earth orbit satellite infrastructure.
Technical Support: The order involves Gilat Wavestream's Powerstream Ka solid-state power amplifier, which provides high-power Ka-band amplification for high-capacity gateway sites across LEO, MEO, and GEO operations, enhancing overall network performance.
Delivery Timeline: Deliveries are expected over the next 12 months, which will accelerate the deployment of infrastructure and further solidify Gilat's competitive position in the satellite communications market.
Market Outlook: As the rollout of low Earth orbit satellite constellations progresses, Gilat's technology and products are poised to generate substantial revenue growth opportunities, strengthening its strategic advantage in the rapidly evolving satellite communications industry.